Troubled housebuilder and land trader Inland Homes has failed to secure backing from outside investors for a fundraising effort designed to provide the South east-based firm with up to £4.6m in working capital.

Inland, which is on course to see its shares suspended from the AIM exchange on Monday for failing to provide its accounts on time, managed to raise just £2.5m by issuing new shares. All of that money came from a bulk purchase by the company’s founder, former CEO Stephen Wicks.

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